Swiss National Bank Portfolio holdings
The Swiss National Bank (SNB), founded in 1907 and headquartered in Zurich with an office in Bern, is Switzerland’s central bank, responsible for conducting monetary policy, issuing the Swiss franc, and ensuring price stability, while uniquely managing a massive investment portfolio. Unlike most central banks, the SNB is a joint-stock company with shares traded on the SIX Swiss Exchange, owned roughly 55% by public entities like cantons and 45% by private investors, yet it operates independently under federal oversight. It holds over $800 billion in foreign currency reserves as of late 2024—invested in global equities, bonds, and gold—to manage the franc’s value, famously intervening in markets to prevent excessive appreciation, as seen with the 2015 abandonment of the euro peg. Led by Chairman Thomas Jordan until his planned exit in September 2024, the SNB balances its dual role as a monetary authority and a significant global investor, influencing both Swiss and international financial stability.
Top Buys
| 1 |
Intuitive Surgical
ISRG
|
$319M |
| 2 |
Arista Networks
ANET
|
$93.2M |
| 3 |
Microchip Technology
MCHP
|
$87.2M |
| 4 |
Rivian
RIVN
|
$68M |
| 5 |
Airbnb
ABNB
|
$66.4M |
Top Sells
| 1 |
Apple
AAPL
|
$560M |
| 2 |
Microsoft
MSFT
|
$389M |
| 3 |
Amazon
AMZN
|
$207M |
| 4 |
Alphabet (Google) Class C
GOOG
|
$163M |
| 5 |
JD.com
JD
|
$154M |
Sector Composition
| 1 | Technology | 29.21% |
| 2 | Healthcare | 14% |
| 3 | Consumer Discretionary | 13.69% |
| 4 | Communication Services | 10.38% |
| 5 | Industrials | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
76
Lam Research
LRCX
$127B
| $388M | 0.23% | 539,632 -24,300 | -4% | -$17.5M |
|
77
Deere & Co
DE
$130B
| $384M | 0.23% | 1,119,491 -57,900 | -5% | -$19.9M |
|
78
Booking.com
BKNG
$181B
| $374M | 0.23% | 156,036 -6,500 | -4% | -$15.6M |
|
79
ConocoPhillips
COP
$124B
| $367M | 0.22% | 5,089,829 -245,800 | -5% | -$17.7M |
|
80
Analog Devices
ADI
$124B
| $359M | 0.22% | 2,042,748 -84,000 | -4% | -$14.8M |
|
81
Mondelez International
MDLZ
$79.5B
| $352M | 0.21% | 5,312,975 -241,300 | -4% | -$16M |
|
82
TJX Companies
TJX
$152B
| $347M | 0.21% | 4,570,759 -197,900 | -4% | -$15M |
|
83
Gilead Sciences
GILD
$140B
| $346M | 0.21% | 4,765,698 -193,400 | -4% | -$14M |
|
84
Stryker
SYK
$150B
| $345M | 0.21% | 1,290,056 -50,600 | -4% | -$13.5M |
|
85
Crown Castle
CCI
$43.2B
| $343M | 0.21% | 1,642,771 -68,500 | -4% | -$14.3M |
|
86
Canadian National Railway
CNI
$60.4B
| $341M | 0.21% | 2,785,458 -174,500 | -6% | -$21.4M |
|
87
Sherwin-Williams
SHW
$91.2B
| $335M | 0.2% | 950,642 -54,700 | -5% | -$19.3M |
|
88
Marsh & McLennan
MMC
$101B
| $335M | 0.2% | 1,925,713 -85,100 | -4% | -$14.8M |
|
89
Altria Group
MO
$113B
| $332M | 0.2% | 7,009,232 -308,400 | -4% | -$14.6M |
|
90
Moderna
MRNA
$9.37B
| $331M | 0.2% | 1,304,100 -45,400 | -3% | -$11.5M |
|
91
Estee Lauder
EL
$33B
| $328M | 0.2% | 885,725 -31,200 | -3% | -$11.6M |
|
92
Chubb
CB
$110B
| $322M | 0.19% | 1,667,637 -110,500 | -6% | -$21.4M |
|
93
CSX Corp
CSX
$60.6B
| $322M | 0.19% | 8,569,257 -415,200 | -5% | -$15.6M |
|
94
Charter Communications
CHTR
$36.3B
| $319M | 0.19% | 489,143 -33,100 | -6% | -$21.6M |
|
95
Enbridge
ENB
$105B
| $310M | 0.19% | 7,970,985 -469,800 | -6% | -$18.3M |
|
96
Ford
F
$46.8B
| $310M | 0.19% | 14,914,615 -592,100 | -4% | -$12.3M |
|
97
Edwards Lifesciences
EW
$47.8B
| $307M | 0.18% | 2,369,225 -88,800 | -4% | -$11.5M |
|
98
Duke Energy
DUK
$95.3B
| $307M | 0.18% | 2,924,300 -117,200 | -4% | -$12.3M |
|
99
Cigna
CI
$80.3B
| $297M | 0.18% | 1,292,763 -64,000 | -5% | -$14.7M |
|
100
Illinois Tool Works
ITW
$77.1B
| $295M | 0.18% | 1,197,152 -51,800 | -4% | -$12.8M |
|